Hot Topic Hot Topic Investment in New ZealandInvestment in New Zealand

INVESTMENT IN NEW ZEALAND

New Zealand – centre of the Universe

INVESTMENT IN NEW ZEALAND

New Zealand Young Country - 200 years old Quality of life Independent nation Population 4.2 million Temperate climate Famous New Zealanders

INVESTMENT IN NEW ZEALANDShrek the SheepShrek the Sheep

INVESTMENT IN NEW ZEALANDNew Zealand All Blacks soon to be World ChampsNew Zealand All Blacks soon to be World Champs

Economy Primary sector: Dairy, Meat and Wool,

Forestry, Mechanical machinery, Fruit, Fish - mostly exported

Tourism biggest earner of overseas funds, Australia, USA, Japan, China, UK, Korea.

INVESTMENT IN NEW ZEALAND

INVESTMENT IN NEW ZEALAND

Taxes Income tax Goods and Services tax

35% of Govt income spent on education, health and welfare

Double tax agreements with 32 countries Personal rates, 19.5% to 39%, companies 30% GST 12.5% on everything, except financial

services and residential property NO sales tax, payroll tax, provincial or state

taxes, CGT, stamp duty, IHT, death duties Withholding taxes reduced under DTA

INVESTMENT IN NEW ZEALAND

INVESTMENT IN NEW ZEALAND 39 million sheep, down 20% since 2000 1970’s over 80 million sheep

INVESTMENT IN NEW ZEALAND

10 years of economic re-structuring Privatization of utilities and state services Ease of cross boarder transactions Ease of doing business Duty free access to Australia - 24 million

INVESTMENT IN NEW ZEALAND

Competitiveness Economic freedom, lack of protectionism Low levels of corruption Business set up in New Zealand De-regulated labour markets

Flexibility of employment Occupancy costs lowest in world

INVESTMENT IN NEW ZEALAND New Zealand Wine Industry Sauvignon Blanc and Pinot Noir Niche, Premium wines – Premium prices Climate Research Innovative marketing $1 billion exports by 2010, UK,

North America, Australia

INVESTMENT IN NEW ZEALANDCraggy Range Hawkes Bay Australian OwnedCraggy Range Hawkes Bay Australian Owned

INVESTMENT IN NEW ZEALAND Film Industry

INVESTMENT IN NEW ZEALAND Lord of the Rings Trilogy -

17 Oscars, 13 Baftas, 4 Golden Globes Whale Rider The Fastest Indian The Piano Hercules Zena Chronicles of Narnia King Kong

INVESTMENT IN NEW ZEALAND

Cost effective locations vs. California Creativity special effects – Weta Studios Employment – lack of demarcation Disney in Auckland – close to home

INVESTMENT IN NEW ZEALAND

Primary produce – Food Safe, healthy, convenient, disease free Innovative foods Produced at lower cost vs. EU US based Links Snacks – NZ JV SK Foods, Groupe Danone, Nestle,

Oppienhiemer, Nussui.

INVESTMENT IN NEW ZEALAND

Freight – moving NZ products to the world

Distance is a state of mind – no longer a barrier to a great idea

Sophisticated networks to shift product Izard Manufacturing – Sandvik saw

blades

INVESTMENT IN NEW ZEALAND

New Zealand – A Tax Haven NZ Trusts Qualifying, Foreign, Non – Qualifying Non-residents settle NZ qualifying trust Owns assets situated outside NZ No tax payable in NZ, income or CGT. Stable government, subject to NZ laws, lower

compliance costs, no corruption, ease of doing business